Raise in pension: EOBI to pay 3-month dues to pensioners in August

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ISLAMABAD: Following an increase in pension, the Employees’ Old-Age Benefits Institution (EOBI) has announced to pay three-month dues worth Rs2.4 billion to its registered pensioners in August.

EOBI Chairman Azhar Hameed said that the dues of April, May and June would be paid to the registered pensioners in August.

Earlier this month, the federal government had approved an increase in the pension of employees.

The approval was given in a cabinet meeting held under the chairmanship of Prime Minister Imran Khan.

The cabinet approved an increase of Rs2, 000 in the pension of EOBI.

After the increase, now the pensioners will receive Rs8, 500 every month.